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1. WEEKLY AGRI COMMODITY REPORT
27 Apr 2015
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2. Weekly Wrap Up
2
MONTH OPEN HIGH LOW CLOSE % CHG VOL MONTH OPEN HIGH LOW CLOSE % CHG VOL
CORIANDER
MAY 9519 10980 9151 10271 +7.32 6062
INTRADAY
LEVELS
SUPPORT SUPP.1
9288
SUPP. 2
8305
PIVOT
10134
Coriander short term
trend is up, further
more upside side is
expected in comimg
days.
RESISTAN
CE
RES. 1
11117
RES. 2
11963
CASTORSEED
MAY 3588 3873 3536 3801 +6.03 5598
INTRADAY
LEVELS
SUPPORT SUPP. 1
3600
SUPP. 2
3400
PIVOT
3737
Castorseed short term
trend is down, Prices
expected to go down in
coming days.RESISTAN
CE
RES. 1
3937
RES. 2
4074
TURMERIC
MAY 8126 8550 7922 8332 +2.61 4983
INTRADAY
LEVELS
SUPPORT SUPP. 1
7640
SUPP. 2
7986
PIVOT
8268
Turmeric short term
trend is up and may
continue in coming
days.RESISTAN
CE
RES. 1
8614
RES. 2
8896
GUARGUM
MAY 10390 12900 10050 12700 +21.76 7582
INTRADAY
LEVELS
SUPPORT SUPP. 1
10867
SUPP. 2
9033
PIVOT
11883
Guargum Short term
trend is up, Expecting
price may go up in
coming days.RESISTAN
CE
RES. 1
13717
RES. 2
14733

3. Weekly Recommendations
3
BUY CORIANDER MAY ABOVE 10680 TARGET 10780 10880 SL BELOW 10530
SELL CORIANDER MAY BELOW 10090 TARGET 9990 9890 SL ABOVE 10240
BUY GUARGUM MAY ABOVE 12900 TARGET 13050 13200 SL BELOW 12700
SELL GUARGUM MAY BELOW 12500 TARGET 12350 12200 SL ABOVE 12700

4. Commodities In News
4
ECONOMIC NEWS
 A deficient monsoon in FY15, unseasonal rains and hail storms that
destroyed crops and now a new monsoon forecast that predicts a below
normal monsoon this year, Indian farm sector is in a real fix. All this has
influenced the farmer suicides that has been reported in various parts of
the country recently. The banks have been indulging in an agriculture
loan spree lately prompted by the Modi government's decision to
promote farm loans to help the farmers. The lower credit demand in other
sectors could also be considered a reason for this aggressive farm credit
lending.But a slow down in agriculture credit growth looming as a result
of the impact of the unseasonal rains. According to Ind-Ra, agri loans
grew 16% yoy in FY15 on account of the governments’ promotion of
agricultural loans and also given lower credit demand in other
sectors.Bank credit growth for FY15 (12.6% yoy growth for total credit)
was driven by the agricultural sector, which contributed 25% to the
incremental growth in the system between FY14-11MFY15.While the
Union Budget for FY16 has targeted 6.3% yoy growth in banks’ credit to
the agriculture sector, actual growth may slow down as banks grapple
with continuing deterioration in farm loan asset quality. A final picture
will likely emerge in June based on the progress of the monsoon.If the
agriculture lending slows down, banks may have to shift their loanable
funds to alternatives such as the Rural Infrastructure Development Fund
to meet their priority sector requirements. The switch from the higher
yielding agricultural loans to the development fund may impact the
profitability even further.Ind-Ra estimates that system-wide agricultural
NPAs as a percentage of total agricultural advances will rise to 16.9% by
2HFY16 from 13% in FY14 as a direct result of unseasonal rains.
Heavily exposed individual banks may also see their agriculture NPA
levels growing more than double, according to Ind-Ra estimates. The
system-wide impact will be a 40bp increase in gross NPA ratios on total
advances,Stressed assets in Indian banks amounted to 10.6% of total
credit at end-December 2014. Ind-Ra earlier expected this to grow to
13% by end-March 2016. The untimely rains could increase this to
13.4%.
 Bullish trend persist for Chana as a lower than expected Monsoon rainfall
prediction by the IMD kept sentiments up. Sowing of Kharif Pulses like Tur,
Urad and Moong are likely to get adversely affected. Higher imports and lower
production possibilities could lead to further firmness in prices.As per 2nd
Advance Estimates for 2014-15, total foodgrains production in India is
estimated at 257.07 million tons– lower by 3% w.r.t. 265.57 million tons
previous year.Production of pulses estimated at 18.43 million tonnes is lower by
1.35 million tonnes than the last year’s production.Chana production estimated
at 8.28 million tons vs 9.53 million tons last year. Urad production expected to
shrink by 5% to 16.10 lakh tons from 17 lakh tons. Moong production to fall to
14 lakh tons from 16.10 lakh tons.As per USDA, expected pulses production in
US is up by 8% to 2,232,630 MT during 2014 from last year. Reports from
Canada indicate chickpea production there expected to fall to 0.14 million MT
in 2014-15—down from 0.18 million MT in 2013-14due to lower yield.In order
to keep prices for Pulses under check, the Govt has decided to extent duty-free
imports till Sept. Pules production is estimated to fall to 184.3 lakh tons in
2014-15 due to less acreage. Last year 197.8 lakh tons of pulses were produced
in the country.
 Bullish trend persisted for Guar as lower than normal Monsoon report kept
supporting the market senti-ments.Guar being a rain-sensitive crop, adequate
amount of rains are required for the crop. Prospects of lower production this
year along with rising Crude Oil prices, leading to improved export demand
could sup-port price.Due to lower prices, Indian export of Guargum has
increased. In first 11 month of 2014-15, export rose more than 21% to 6.62 lakh
tons while in same period of 2013-14 only 5.45 lakh tons gum was exported.
During the whole financial year 2013-14 around 6.01 lakh ton gum was export-
ed which was a record till now. Export figure signals that export may touch a
level of 7 lakh ton in this financial year.The govt has scrapped an incentive of
2% given for the exports of guar gum , guar gum powder, korma and churi in
new foreign trade policy-2014-15 while an incentive of 3% for direct exports of
guar seed has been announced which will accelerate exports of guar seed.

5. 5
NEWS RECAP
COMMODITY HEADLINES
 India's cotton exports drop to 4.5 million bales.
 Massive wheat crop loss in Haryana due to unseasonal rain.
 Wheat: India reduces value cut for shrivelled, broken grains.
 NABARD projects Rs 2,205 crore credit outlay for Meghalaya.
 Sugar: India Govt mulls hiking import duty to 40%.
 Over 35 lakh tonnes wheat arrives in Haryana mandis.
 Bihar government sanctions Rs 1,750 crore for input subsidy to farmers amid damage of crops.
 Refined edible oil import at 5-year low as crude import becomes cheaper.
 Centre relaxes wheat procurement norms in Punjab & Haryana.
 Centre may shell out rs 1,000 crore to create buffer stock of sugar.
 Govt mulls sugar stockpile, supply curbs to ease crisis.

6. SPOT QUOTES
6
COMMODITY NAME LOCATION PRICE
Jeera Unjha
17913.3
5
Kapas Surendranagar 811.4
Maize - Feed/Industrial Grade Gulabbagh 1268.35
Maize - Feed/Industrial Grade Nizamabad 1292.9
Maize - Feed/Industrial Grade Davengere 1300
Maize - Feed/Industrial Grade Karimnagar 1303.3
Maize - Feed/Industrial Grade Sangli 1370
Maize - Feed/Industrial Grade Delhi 1405
Mustard Seed 2 MT Jaipur 3680.45
Mustardseed Jaipur 3680.45
Mustardseed Alwar 3650.55
Ref Soya Oil Nagpur 600.25
COMMODITY NAME LOCATION PRICE
Castor Seed Deesa 3747.4
Castor Seed 2 MT Deesa 3747.4
Chana Bikaner 4000
Chana Delhi 4155.8
Chana Indore 4157.2
Chana 2 MT Delhi 4155.8
Coriander Kota 9565.65
Cotton Kadi 16015.2
Cotton Seed (Industrial
Grade)
Akola 2265
Cotton Seed Oilcake Akola 1777.5
Cotton Seed Oilcake Kadi 1854.15
Crude Palm Oil Kandla 437.25
Guar Gum Jodhpur 12610.25

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